New SEBI norms tweak definition of QFI to include six gulf countries, all EC countries, and NRIs; Previously only Financial Action Task Force (FATF) members were QFIs[Business Standard] [Circular]

Lakshmikumaran & Sridharan tax partner Puneet Bansal leaves to become director at BMR Advisors, as part of the indirect tax team [Bar & Bench]

Sajai SinghJ Sagar Associates (JSA) Bangalore partner Sajai Singh becomes the first Asian to get elected as treasurer of the US-headquartered ITechLaw – non-profit association of international technology lawyers